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Should You Pay Down Debt or Save For Retirement?

Many people are faced with the dilemma of knowing they should be planning for retirement, but are also in debt. Building up a healthy nest egg for when your working days are over definitely requires early planning, but no one wants to carry debt around any longer than necessary.

When unsecured debts are gnawing at you each and every day, it’s really easy to put off that retirement planning, but is it really the best course of action?

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How to Pay Off Debt in Retirement

In an ideal world, once you’ve reached retirement age you should have a solid nest egg and a house with no mortgage in order to enjoy your golden years. Unfortunately, an increasing number of seniors are finding themselves still in debt when they finally retire from work.

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How to Protect Yourself From Identity Theft

June is Senior’s Month, and unfortunately, fraud is the top crime against older Canadians. The Canadian Anti-Fraud Centre indicates that 27,000 Canadians are victims of identity theft every year, a number that’s likely under-reported. 

Check out our tips on how to avoid identity theft.

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How to Manage Your Money in Retirement

You’ve finally retired – congratulations! Now is the time to truly enjoy life after dedicating decades of your life to your career. That is, provided you’ve saved up enough money and don’t have any debt.

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CBC: Unregistered payday lenders bullying borrowers strapped for cash during pandemic

The pandemic economy is forcing some Nova Scotians to turn to unregistered payday lenders online who resort to harassment, intimidation and name-calling when customers fall behind on payments, says a credit counsellor.

John Eisner, president and CEO of Credit Counselling Services of Atlantic Canada, said most of his recent clients are struggling with short-term loans from online lenders.

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